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The chief executive of Capital Cranfield, one of the UK's largest pensions trustee firms, has retired.

John Rogers, who joined as CEO in 2008, was Capital Cranfield's first-ever chief executive.

Rogers was previously the international development director at the Chartered Institute for Securities and Investment, as well as the chief executive at what is now CFA UK. He also spent 12 years as investment director at the National Association of Pension Funds.

Bridges said the departure of Rogers had been planned and was part of the firm’s long-term strategy.

He will be replaced with a managing director. The recruitment process for the MD is “well-advanced”, said chairman Bob Bridges.

“The outside world is changing and we needed to review our approach,” said Bridges. “This is not a fundamental change, we are tinkering the edges.

“Every so often in any business you need to look at where you are."

Bridges, previously client director at Capital Cranfield, said that when he took the role of chairman in January 2013, Rogers had said he wanted to retire this year, "so we built our plan around that”.